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Dimitris,
Interesting. Working well at the moment, but I'm
glad you didn't show me this in early 1999. It took us out of the market on
4/2/99 and kept us out whilst the NDX went from 1988 to 4700. Not nice to
miss that one!
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dimitris
Tsokakis
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Friday, April 11, 2003 8:53
AM
Subject: [amibroker] Subject: Worden
Brothers T2108 indicator
It is obvious that the writer does not know AddToComposite()
function.
It would be better to make a more proper use of the word
"only".
The described indicator is nothing but a good excersise for
amibroker users.
I used my ^NDX database and run for all stocks, all
quotations the
<FONT
color=#000000>
AddToComposite(C><FONT
size=2>MA(C,40<FONT
size=2>),"~>ma40",<FONT
size=2>"v"<FONT face=Verdana
size=2><FONT
face="Times New Roman">);<FONT
face="Times New Roman">
Buy=0<FONT face=Verdana
size=2><FONT
face="Times New Roman">;
Then, in an empty
IB window, I pasted the
<FONT face=Verdana
size=2>
Above40MA=100*<FONT
size=2>Foreign(<FONT
size=2>"~>ma40","v"<FONT
size=2>)/101<FONT face=Verdana
size=2><FONT
face="Times New Roman">;<FONT face=Verdana
size=2>
Plot(Above40MA,""<FONT
size=2>,1,<FONT
size=2>1<FONT
face="Times New Roman">);<FONT face=Verdana
size=2>
Plot((Above40MA>70<FONT
size=2>)*70,<FONT
size=2>"",0<FONT
size=2>,2<FONT face=Verdana
size=2><FONT
face="Times New Roman">);<FONT face=Verdana
size=2>
Plot((Above40MA>70<FONT
size=2>)*Above40MA,"",<FONT
size=2>4,2<FONT face=Verdana
size=2><FONT
face="Times New Roman">);<FONT face=Verdana
size=2>
Plot((Above40MA<20<FONT
size=2>)*Above40MA,"",<FONT
size=2>0,2<FONT face=Verdana
size=2><FONT
face="Times New Roman">);<FONT face=Verdana
size=2>
Plot((Above40MA<20<FONT
size=2>)*20,<FONT
size=2>"",5<FONT
size=2>,2<FONT face=Verdana
size=2><FONT
face="Times New Roman">);
The whole
procedure is not that bad.
The basic
indicator needs some smart smoothing to avoid whipsaws and premature
exits.
A DEMA(Above40MA,10) or a DEMA(Above40MA,20) would be just
fine.
and it seems to
work nicely with Buy=cross(Above40MA,20). As for sell, it would be better to
wait for
<FONT
face="Times New Roman">Sell=cross(70,Above40MA), to enjoy the greatest part of
the main uptrends.
Play also with
different composites, using PER=variable, C>MA(C,PER), it may be
interesting.
After this,
someone should inform the author for amibroker .
Dimitris Tsokakis
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Below, I have copied information on the T2108 indicator that
Worden Bros. includes in their daily downloads of data. Gary Smith seems
to think it is a decent market condition indicator. I am not yet
capable of doning any coding, so if someone decides to write Amibroker
code that will allow this so it can be displayed in Amibroker,
I would appreciate your posting it here in this group. I use the free
yahoo EOD data. Ron D
<FONT face=Arial
size=2>==========================================================================================
An Update on the Trusty
T2108<IMG height=5
src="" width=1
border=0>By <A
href="">Gary B.
SmithSpecial to RealMoney.com<FONT
face=Verdana>04/10/2003 08:31 AM
EDT<A class=leftNavLinks
href=""><FONT
color=#000000 size=2>Click here for more stories by Gary B.
Smith
Has <A
href=""><FONT
color=#000066>T2108 nailed it again? You'll recall that I've been
using this chart -- which is nothing more than the percentage of NYSE
stocks over their 40-day moving average -- as somewhat of a buy/sell
oscillator. When the percentage gets above 70%, that marks a top. When it gets
down into the mid-20% range, it's a buy. Down much lower, and it's a bottom.
<A
href=""> Now,
on April 2, it finally climbed into the 70%-plus range, and I <A
href=""><FONT
color=#000066>noted it might be time to sell. Since then? Despite
some good openings, the S&P has not closed higher than it did on
April 2 and is now down 1.7% since that day!
Interesting stuff, and I'll keep you posted.
(Oh, I'll save you the trouble of asking. I've
looked, and this chart is only available via Worden Brothers' TC2000
software.)
<FONT
color=#ff0000> Send
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